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HR Compensation Data Center Shows HR Its Worth

   10/31/2007

How much are you—and your colleagues in your company’s HR department—worth?

Society for Human Resource Management (SHRM) members can see how their salaries compare with their counterparts’ across the country by using SHRM’s new HR Compensation Data Center, an online tool developed in partnership with Watson Wyatt Data Services.

The tool is built on the information gathered in the 2007/2008 Survey Report on Human Resources Personnel Compensation, also a result of collaboration between SHRM and Watson Wyatt. ( HR Magazine reported extensively on the survey in its November 2007 issue.) This is Watson Wyatt’s 13th HR compensation survey and the first time SHRM has been a partner.

Conducted in April, the survey collected responses from 88,365 HR professionals at nearly 2,000 organizations in more than 4,600 locations throughout the United States, said Evren Esen, manager of SHRM’s survey program.

Using the HR Compensation Data Center (found at www.shrm.org/compensationdata ), SHRM members can create reports on approximately 180 HR positions, customized by geography or metropolitan area, industry, organization staff and revenue size, for-profit or not-for-profit status, among other factors. Since the survey took place in April 2007, users also can factor in cost-of-living adjustments and “age” the data to make it more current, or project it out a few months or a year.

Users can break down total compensation and look at its components, such as cash compensation, incentives and bonuses. Plus, they can compare their organizations to similar companies that participated in the survey. After users set up their customizations and search parameters, the HR Compensation Data Center will e-mail them the results in a few minutes.

SHRM members can run reports on five HR positions at no charge, Esen said: compensation and benefits manager, HR manager, HR generalist, employee benefits administrator, and employment/recruiting representative. Members often call SHRM’s HR Knowledge Center looking for just this information, she added. Charges will apply for reports on other positions, she said.

The ability to get such detailed information is what sets this salary tool apart from other online compensation calculators, Esen said.

“With this tool, there is more information, more detail and more customization available,” Esen said.

SHRM members also have access to salary surveys on a wide range of industries and professions through SHRM’s Salary Survey Directory .

Beth Mirza is senior editor for HR News . She can be reached at bmirza@shrm.org

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